There is a way to get a partial deduction for money that will eventually go to your children. A charitable lead annuity trust gifts money to a charity first, and then passes assets to your beneficiaries.
Even if the probability of success for a 4% withdraw rate is less than some thought, it’s still strong when your portfolio is monitored actively.
Income earned by one spouse can be used to fund retirement accounts for both spouses.
A better overall strategy is to invest for total return.
Don’t overlook these benefits.
And what should you do if you have forgotten to file Form 8606?
The major components to life expectancy are genetics and lifestyle.
An investment option you may not have considered.
IRS tax code treats married people very differently than single people. When a spouse dies, the surviving spouse may often face a drop in income and a hike in income taxes at the same time.
Your after-tax savings also offers tax advantages and other important benefits you may not be thinking about.
An insight into extraordinary care.
You may need to make quarterly tax payments on your capital gains.
A stock split is when a company decides to increase the number of shares outstanding.
What can be worse than expecting to finally get a Social Security raise, only to find out that your net check actually went down due to your income two years ago?
The maturity of the annuity at age 85 may actually be a gift to annuity owners to further contemplate their exit strategy of this tax-deferred investment.
While annuities can be an important way to build wealth, many individuals don’t realize how complicated these insurance products can be. In this article, we’ll walk you through what you need to know about annuity contracts and the five-year-rule.
Learn whether you can use your IRA’s Required Minimum Distribution (RMD) to pay some or all of your quarterly tax estimates.
Many people think it is a good idea to put their child’s name on the deed to their home, especially if one of the parents is deceased. Usually the motivation is…
Retirement is a journey to be enjoyed over time, not a destination. Chris Hershey will help you plan for your unique journey on this edition of Project Wealth.
Estate tax exemptions are much higher than they once were. As a result, it may be worthwhile to review your estate plan and terminate trusts that are no longer needed.